China Mobile Ltd. (CHL) Given Consensus Recommendation of “Hold” by Analysts

China Mobile Ltd. (NYSE:CHL) has received a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have assigned a buy recommendation to the company.

A number of research analysts recently issued reports on CHL shares. ValuEngine raised shares of China Mobile from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. Credit Suisse Group cut shares of China Mobile from an “outperform” rating to a “neutral” rating in a research note on Friday, October 26th. Zacks Investment Research raised shares of China Mobile from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Tuesday, October 9th. Mizuho cut shares of China Mobile from a “neutral” rating to an “underperform” rating in a research note on Monday, November 19th. Finally, Nomura raised shares of China Mobile from a “neutral” rating to a “buy” rating in a research note on Monday, January 7th.

Shares of NYSE:CHL opened at $51.05 on Friday. The company has a market capitalization of $207.95 billion, a P/E ratio of 12.36, a PEG ratio of 3.00 and a beta of 0.62. China Mobile has a 1 year low of $43.25 and a 1 year high of $53.23.



Large investors have recently made changes to their positions in the stock. Dorsey Wright & Associates bought a new stake in shares of China Mobile during the fourth quarter worth $3,667,000. Confluence Investment Management LLC bought a new stake in shares of China Mobile during the fourth quarter worth $286,000. Cornerstone Advisors Inc. grew its stake in shares of China Mobile by 121.2% during the third quarter. Cornerstone Advisors Inc. now owns 637 shares of the Wireless communications provider’s stock worth $31,000 after buying an additional 349 shares during the last quarter. Vanguard Group Inc grew its stake in shares of China Mobile by 23.6% during the third quarter. Vanguard Group Inc now owns 701,029 shares of the Wireless communications provider’s stock worth $34,301,000 after buying an additional 133,683 shares during the last quarter. Finally, Federated Investors Inc. PA bought a new stake in shares of China Mobile during the third quarter worth $10,074,000. 2.08% of the stock is currently owned by institutional investors and hedge funds.

About China Mobile

China Mobile Limited, an investment holding company, provides mobile telecommunications and related services in Mainland China and Hong Kong. The company offers voice services, including local calls; domestic and international long distance calls and roaming services; and value-added services, such as caller identity display, call waiting, conference calls, and others.

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Analyst Recommendations for China Mobile (NYSE:CHL)

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